A Critical Moment for Cardano!

BINANCE:ADABTC   Cardano / Bitcoin
ADABTC showed a nice push in the past few days approaching the regional resistance at 547 that prevented the coin’s ascent for the past 6 months!

I Broken, HAHA! Sky is the limit as you can see in the chart.

Currently the Bullish divergence that was confinrmed in 23 Dec 2019 is kicking now. The coin is on its way to the 1.618 of the move, showing signs of hesitance here as a bear divergence formed in the 1 and 4H timeframes, Stochastic indicator signaling sell at 4H TF and the MACD starting to retrace. I expect this will bring the price down to the 100% of the bullish div wave @ 514 sats then another upward wave will commence to reach its 1.618 target @ 555 sats , given that BTC is behaving!

After that who knows?!

If consolidation above the 547 resistance line occurs … Skies are the limits!

I would buy at 514, 511, 508 with SL at 498 (2.52%)
Will add more if consolidation happens above 547.
Profits will be decided based on the market conditions.
Jan 23
Trade active: Going as planned..

Bids filled.
Direction changing upwards now as MACD and Stochastic are reversing. RSI shows Bullish divergence in 1HR time frame so far.

Wish for the best,,,


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